The Ethereum Foundation sold 5,000 Ethereum to BitMine via OTC, which will be used for the foundation's operations.

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According to Foresight News , the Ethereum Foundation sold 5,000 Ethereum to BitMine via OTC at an average price of $2,042.96. The proceeds will be used for foundation operations, including protocol development, ecosystem growth, and community support.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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